UK stocks close slightly higher after a range bound session ahead of FOMC decision, which was shedule for later in evening. The US central bank is expected to keep interest rates at 0.25% and reiterate plans for an increase mid-2015. The FTSE 100 close after gaining 0.2% at 6826. Market bounced back from intraday low of 6777.08. There is strong support at 6770 level and during the day if market is breaching the level of 6770 on downside, then it can test the level of 6700 with the resistance of 6830.
RECOMMENDATION BUY
TARGET 1840
Burberry Group Plc
The Major trend of Burberry Group Plc is Consolidating in higher levels and it is showing positive strength on charts and we can see upside movement in it. Stock is trading near its resistance of 1790. One can initiate the long position in the stock after crossing of it is major resistance level i.e.1790 it can show upside movement for the target of 1840 with the stop loss of 1750
CHART FORMATION:-
Stock is consolidating on higher level and showing strength for upside movement in it for buying. Crossing the resistance will lead to upside movement.Stock is trading above the 50 and 200 DMA with positive bias.
INDICATORS:-
RSI is trading near to 62 level with positive bias , in upcoming session upside movement is expected.Volume is also increasing side.
MACD and Signal line is sustaining above the zero level line.
TOP GAINER
Name
|
Close
Price
|
Change
%
|
Sabmiller
|
3594.50
|
4.61
|
Enterprise
Inns
|
108.6
|
2.65
|
Anglo
American
|
1115
|
2.29
|
Capita
|
1118
|
2.29
|
SSE
|
484
|
0.83
|
TOP LOSER
Name
|
Close
Price
|
Change
%
|
Morrison
Supermkts
|
186.30
|
6.15
|
Standard
Chartered
|
905
|
3.90
|
Johnson
Matthey Plc
|
3385
|
3.20
|
Antofagasta
|
673.50
|
2.88
|
Sainsbury
|
262.90
|
2.74
|
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